AZZ (NYSE:AZZ) Issues Quarterly Earnings Results, Beats Expectations By $0.23 EPS

AZZ (NYSE:AZZ) posted its quarterly earnings results on Monday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.23, Briefing.com reports. The firm had revenue of $366.50 million for the quarter, compared to analysts’ expectations of $351.67 million. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. AZZ updated its FY25 guidance to $4.50-5.00 EPS.

AZZ Stock Up 8.5 %

Shares of NYSE:AZZ opened at $83.04 on Wednesday. The company’s fifty day moving average is $75.03 and its two-hundred day moving average is $61.20. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.89. AZZ has a 1-year low of $34.59 and a 1-year high of $83.22.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.82%. AZZ’s dividend payout ratio (DPR) is 19.83%.

Analysts Set New Price Targets

A number of analysts have weighed in on AZZ shares. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a report on Friday, March 22nd. Finally, B. Riley increased their target price on shares of AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.